550 Okeechobee Boulevard, #Uph-04, West Palm Beach, FL, 33401 | $1,000,000

Perched atop the epicenter of downtown West Palm Beach, across the street from Rosemary Square, this upper penthouse 2/2 at CityPlace South Tower offers modern metropolitan luxury lifestyle. Spectacular cityscape & ocean views draw your attention upon entrance, magnified by 10-foot, floor-to-ceiling impact sliders in the living room & primary bedroom & a floor-to-ceiling impact window in the 2nd bedroom. Recent updates include a completely remodeled kitchen with designer cabinetry, a wine refrigerator, brilliant quartz countertops illuminated by track lighting & a 2024 Bosch HVAC system. Brand-new custom solar shades conveniently & dramatically unveil the striking views. This is a truly split floor plan. Each bedroom has a walk-in closet with built-ins. Freshly painted, featuring new Ferguson fixtures, this unit is turnkey. Exclusive to the penthouse levels are the extra-high ceilings, the private lounges by the elevator & the security fob needed for elevator access to the top floor. CityPlace South Tower features a resort-style infinity pool on the 9th floor Upper Pool Deck, which has been recently refreshed with fresh greenery, night lighting, a newly stained pergola & a new heater for the huge hot tub. The Summer Kitchen also has grills available for resident use. The Lobby has been refreshed with new furniture, plant life & modern style. The Club Room is a versatile space displaying new countertops & lighting fixtures, a new media area, a new reading nook (ask about the Book Club) & comfortable furniture. There is a fully equipped fitness center with a massage room & the bathrooms each have large saunas & steam rooms. The building offers 24-hour security & front desk attendant & on-site management. Pull up to the porte-cochere & valet park your car or securely enter the gated garage & self-park. The location is extraordinary. The intersection of OKEECHOBEE BLVD & ROSEMARY AVE sees bustling foot traffic for residents walking to & from CityPlace. Among the locales with great proximity are the Kravis Center for Performing Arts, the Palm Beach Convention Center, Ruth's Chris Steakhouse, The Cheesecake Factory, Restoration Hardware (with rooftop restaurant), Pura Vida & Sloan's Ice Cream. Enjoy live music & yoga classes every weekend on the Lawn at CityPlace. Check out the GreenMarket on Saturday mornings. Also nearby is all of the action on CLEMATIS ST & at Grandview Public Market. Notable annual events include SunFest & the Palm Beach International Boat Show. Hop over the bridge to Palm Beach Island & enjoy the ocean beaches. Residents receive discounted rates at both Canopy & the Hilton, which also regularly hosts yoga classes & other events. Ride the Brightline south to Miami or north to Orlando. Enjoy the convenience of the Tri-Rail as well. Palm Beach International Airport is also very close. Calling this residence home is like being issued the key to downtown West Palm Beach.

Features

  • Parking: Asphalt, Assigned, Guest, Valet, Under Building, Garage, Detached Garage
  • Heating: Central
  • Cooling: Central Air
  • Levels: 21
  • Amenities: Billiard Room, Cabana, Elevator(s), Fitness Center, Game Room, Hot Water, Management, Parking, Pool, Sauna, Spa/Hot Tub, Storage, Manager On Site, Trash Chute, Bar, Bike Storage, Community Room, Heated Pool, Internet Included, Kitchen Facilities, Lobby, Maintained Community, Gated, Security, Maintenance
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Laundry Closet, Inside, In Unit
  • Complex: CITYPLACE SOUTH TOWER CONDO
  • Development: CityPlace South Tower
  • Year Built: 2008
  • Common Charge: $1,281 Monthly
  • Approx Sq. Feet: 1,120
  • Est. Taxes: $12,208
  • View: City, Water, Intracoastal, Ocean
  • Water Front: Yes
  • Elem. School: Palm Beach Public
  • Middle School: Conniston Community
  • High School: Forest Hill
  • Pet Policy: Yes, Breed Restrictions, Cats OK, Dogs OK, Number Limit, Size Limit
  • Appliances: Dryer, Disposal, Dishwasher, Electric Range, Ice Maker, Microwave, Oven, Refrigerator, Washer, Range, Freezer
  • MLS#: B26029555
  • Website: https://www.raveis.com
    /prop/B26029555/550okeechobeeboulevard_westpalmbeach_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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550 Okeechobee Boulevard, #Uph-04, West Palm Beach, FL, 33401

$1,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $800,000 $800,000 $800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.362% 6.361% 6.183%
Monthly Tax Payment $1,017 $1,017 $1,017
H/O Insurance Payment TBD TBD TBD
Initial Principal & Interest Pmt $4,796 $4,926 $6,751
Total Monthly Payment $5,905 $5,943 $7,768

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.